Origin's LNG revenues slump as prices, production fall
Origin Energy says revenues from the Australia Pacific LNG operations in Queensland fell more than 10 per cent in the first three months of the year as the price of gas fell and production was disrupted.
APLNG is part-owned by Origin, alongside American giant ConocoPhillips and China's Sinopec. Origin said the business had paid it a $185 million dividend in March, taking the full-year proceeds from Australia Pacific LNG to $797 million.
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